Google Cloud joins EOS community, a step forward to web3.0
On the 5 October, Block One announced that Google Cloud has joined the EOS blockchain community and will become a block producer after approval by the EOS community. As a large-scale cloud storage and infrastructure provider in the world, Google Cloud’s involvement reflects the significance of blockchain technology for the entire social and economic sector, and at the same time helps the EOS network achieve world-class levels. The participation of Google Cloud reflects the increasing importance of blockchain in the financial technology industry. More importantly, EOS is also an important part of the construction of web 3.0, which is as crucial as the IPFS/Filecoin network.
What is EOS
EOS is “another Ethereum” created in response to Ethereum’s shortcomings. It allows participants to write smart contracts on the EOS chain to create applications. But the difference is that EOS mainly solves the problem of gas fees, facilitates commercial use, and expands capacity.
Clients are not required to pay gas fee for the service on the EOS platform. Compared with Ethereum, they need to pay a certain gas fee. EOS is convenient for program developers, as well as increases usage. In addition, EOS provides developers with DAPP underlying templates, which are equivalent to Windows, Linux, and Mac systems, allowing users and enterprises to transfer freely, quickly upgrade, and greatly increase the level of convenience.
The role of EOS coins
On the EOS platform, users can vote for nodes, that is, whether Google Cloud can become a block producer depends on the number of votes of clients, and clients who want to vote need to temporarily pledge EOS coins, and the voting power ratio is determined by the amount of EOS coins pledged.
Web3.0 abandon “small-circles”
EOS is one of the main elements of driving web3.0. It uses fast TPS and free of charge as its gimmick. It also attracts developers to create a large number of Dapps . This may not be possible with Ethereum 2.0. EOS coins can vote for candidates who control nodes, participate in voting and vote for these nodes can obtain profits, these can also be used for investment purposes.
Under IPFS, Filecoin acts as storage and retrieval fee, miners can lso mine Filecoin for revenue. Thus, both EOS and Filecoin are slightly similar. Web3.0 encourages the participation of the entire people, accelerates the development of the network through the concept of shared economy, so it is no longer a “small-circle” of the heads of the technology industry.
